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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The company’s shares were down more than 2 per cent in morning trading in London....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...Premiums from its general insurance division, which includes car insurance, also grew....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Amy Edmondson, ‘Right Kind of Wrong: Why Learning to Fail Can Teach Us to Thrive’ (2023) Favourite: American Icon: Alan Mulally and the Fight to Save Ford Motor Company, by Bryce Hoffman....
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...He still has a small security team, who are hovering nearby, but no longer has a staff to schedule his life. Like many “spectators”, he now relies on Google....
...Employee ownership accounts for a third of Howden’s shares, alongside external minority shareholders including private-equity groups General Atlantic and Hg....
...The first hydrogen bomb was tested by America at the Bikini Atoll — on which island group Which American state capital, founded in 1821, was named after a general who later became the seventh US president...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...The Belgian company reinforced the idea that this is a cut-price, opportunistic bid, with a second cash-and-shares proposal of about 239p per share....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...A body representing global insurance regulators has called for “enhanced supervision” of private capital-owned life insurers, citing potential “conflicts of interest” and “increased risk-taking”....
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